UiPath Inc. (NYSE:PATH) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG grew its holdings in shares of UiPath Inc. (NYSE:PATH - Free Report) by 280.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,505,585 shares of the company's stock after buying an additional 1,109,669 shares during the quarter. Deutsche Bank AG owned 0.27% of UiPath worth $19,136,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in PATH. Smartleaf Asset Management LLC increased its position in shares of UiPath by 88.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company's stock worth $31,000 after purchasing an additional 1,152 shares during the last quarter. First Horizon Advisors Inc. grew its stake in UiPath by 47.8% in the fourth quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company's stock worth $32,000 after purchasing an additional 804 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in UiPath by 141.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,974 shares of the company's stock valued at $38,000 after buying an additional 1,742 shares during the last quarter. V Square Quantitative Management LLC raised its stake in UiPath by 33.4% during the fourth quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company's stock valued at $39,000 after buying an additional 759 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in UiPath during the fourth quarter valued at approximately $50,000. Institutional investors and hedge funds own 62.50% of the company's stock.

Insiders Place Their Bets

In other UiPath news, CFO Ashim Gupta sold 98,795 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $12.01, for a total value of $1,186,527.95. Following the completion of the sale, the chief financial officer now directly owns 987,322 shares in the company, valued at $11,857,737.22. This represents a 9.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Hitesh Ramani sold 12,500 shares of the stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $10.19, for a total value of $127,375.00. Following the transaction, the chief accounting officer now directly owns 314,891 shares of the company's stock, valued at approximately $3,208,739.29. The trade was a 3.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. 22.37% of the stock is currently owned by insiders.

UiPath Price Performance

PATH opened at $13.08 on Thursday. The stock's 50 day moving average price is $11.15 and its 200 day moving average price is $12.71. The stock has a market cap of $7.21 billion, a P/E ratio of -81.75 and a beta of 1.01. UiPath Inc. has a 12 month low of $9.38 and a 12 month high of $20.95.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Morgan Stanley lowered their price target on UiPath from $16.00 to $12.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. BMO Capital Markets lowered their target price on shares of UiPath from $16.00 to $11.50 and set a "market perform" rating for the company in a research note on Friday, March 14th. Royal Bank of Canada restated a "sector perform" rating and issued a $13.00 price target on shares of UiPath in a research report on Wednesday, March 26th. Wells Fargo & Company decreased their price target on shares of UiPath from $13.00 to $11.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. Finally, Scotiabank dropped their price objective on shares of UiPath from $15.00 to $12.00 and set a "sector perform" rating on the stock in a research note on Thursday, March 13th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $12.72.

UiPath Profile

UiPath Inc provides an end-to-end automation platform that offers a range of robotic process automation (RPA) solutions primarily in the United States, Romania, the United Kingdom, the Netherlands, and internationally. The company offers a suite of interrelated software to build, manage, run, engage, measure, and govern automation within the organization.

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